Quote from: Lokmar on Today at 06:42:17 PMOf course it aint good enough! You know what many people get though? A $250 payout if they die before retirement! I'd say my plan at least gets you what you put in!

CPP back in Canada is fucking garbage. People can contribute the max for 45 years and get $900/month at age 65.

We have multi-choice private/public pension scheme here in the Lion City that blows Canada's shitty no competiton state pension plan out of the water.

Quote from: Lokmar on Today at 07:35:20 PMThats great josephine! Hopefully you will use that extra time to rid yourself of your liberal stupidity. Good luck!

I might retire in another country Lokmar.

Get summer weather 24/7, eh?

Quote from: JOE on Today at 07:19:20 PMI'm gonna retire this year ...Lokmar!

That way I'll have more time ta spend more time on this forum.

I'm all saved up fer retirement eh?

Thats great josephine! Hopefully you will use that extra time to rid yourself of your liberal stupidity. Good luck!

Quote from: Lokmar on Today at 06:42:17 PMOf course it aint good enough! You know what many people get though? A $250 payout if they die before retirement! I'd say my plan at least gets you what you put in!

I'm gonna retire this year ...Lokmar!

That way I'll have more time ta spend more time on this forum.

I'm all saved up fer retirement eh?

Quote from: Biggie Smiles on Today at 04:31:41 PMIf I retired tomorrow I would be entitled to 5,600.00 a month in SSI. BUt I am not retiring tomorrow and in fact I probably wont get to retire until I am 70.

Don't wait too long Biggie Smiles Bigly!

I'm gonna retire this year & enjoy my pension, eh?

I don't know what the pension situation is like in your country, but ifya wait too long there might be nothin left.

Quote from: Herman on Today at 03:29:53 PMAint good enough. They need the investment income it earned too.
I like pensions. It don't matter to me if it is the state that runs the pension plan or a private pension fund like a lot of rich countries do. But, working folks need a guaranteed pension.

Of course it aint good enough! You know what many people get though? A $250 payout if they die before retirement! I'd say my plan at least gets you what you put in!

Quote from: Herman on Today at 03:29:53 PMAint good enough. They need the investment income it earned too.
I like pensions. It don't matter to me if it is the state that runs the pension plan or a private pension fund like a lot of rich countries do. But, working folks need a guaranteed pension.

Yeah, plus the government has taken money from BOTH the employer and the employee to account for SSI so ALL of that money would be due, plus interest accrued for the entirety of the person's life. 

This is what an employer will commonly refer to as a "burden cost" it is the TOTAL cost of the employee not just their salary.

Take myself for instance. I cap out at 9,000.00 per year SSI tax which usually occurs in early September based on my salary. So I paid 9,000.00 into SS and my employer paid probably somewhere closer to 14,000.00

so if we did do away with SSI tomorrow I would expect a check in the sum of 23,000.00 times the 25 years I've been paying that kind of money into the system PLUS the additional years I made less which be about 10.

So a rough estimate of money owed to me is somewhere to the tune of 700,000.00. tack on another .05 for interest so we're closer to 750,000.00

there's no way the government is giving me that.

here's why

If I retired tomorrow I would be entitled to 5,600.00 a month in SSI. BUt I am not retiring tomorrow and in fact I probably wont get to retire until I am 70.

average life expectancy is what... maybe 75-77 these days?

so take 5800 and multiple that by 7 years and what do you come up with? 487,200.00 spread out in smaller manageable chunks as an operating cost as opposed to a capital expense of 700K up front as a capital expense.

the former looks far better on a balance sheet

therefore, the government will never do it. And If they do away with SS they will be doing away with it to the detriment of millions who have paid into over the span of their life which would make them no better than Enron and cause an all out violent catastrophe

Quote from: Lokmar on Today at 09:37:12 AMI would eliminate it and give everyone back what they paid in over the years.

Aint good enough. They need the investment income it earned too.
I like pensions. It don't matter to me if it is the state that runs the pension plan or a private pension fund like a lot of rich countries do. But, working folks need a guaranteed pension.

Quote from: Biggie Smiles on May 15, 2025, 01:37:02 PMKeeping people dependent helps democrats

fuck them

They care about having power not helping people make better lives for themselves.

Quote from: Dove on Today at 10:34:49 AMThey know a lot of people wont look.

it is frightening when you think about it Dove.

As you know we just had an election. The result was terrible. Mark Carney won by telling lies about his opponent that he knew voters would believe.

Quote from: Biggie Smiles on May 14, 2025, 07:39:25 PMIt's amazing how democrats can sell these lies when the plain truth is so readily available

 They know a lot of people wont look.

Quote from: Herman on May 15, 2025, 10:32:58 PMIf you paid into it you should get it. Period!

I would eliminate it and give everyone back what they paid in over the years.

Quote from: Lokmar on May 15, 2025, 09:38:25 PMI tell my mom if I was POTUS, I'd eliminate SSI. She gets #PISSED!

If you paid into it you should get it. Period!

Quote from: Biggie Smiles on May 15, 2025, 01:43:26 PMCutting entitlements to bums living for GENERATIONS on welware and health care to illegal aliens are what democrats are morphing into

He's gutting grandma's social security!

vermin scum. it's so disingenuous

tell the fucking truth for a change! 

I tell my mom if I was POTUS, I'd eliminate SSI. She gets #PISSED!

Quote from: Biggie Smiles on May 15, 2025, 01:43:26 PMCutting entitlements to bums living for GENERATIONS on welware and health care to illegal aliens are what democrats are morphing into

He's gutting grandma's social security!

vermin scum. it's so disingenuous

tell the fucking truth for a change! 

When I lived in Canada every provincial and federal election the libtard parties would run lies and fear. They know white Canadians are stupid enough to buy their fearmongering. It worked for Mark Carnage.